Cba Board Rejects Criticism Over Delay In Bad Debt Warning

COMMONWEALTH Bank's board is standing firmly behind its top executives as regulators begin an assessment this week into whether the banking giant breached disclosure rules surrounding its $2billion capital raising.

Foot To The Floor At The Fed - But We Must Learn From Japan

WHOOPEE, you might think. The official interest rate in the US was reduced close to zero, at just 0.25 per cent, this week. But it still far too early to declare that happy days are here again, or even in prospect. With the decision, the Federal Reserve, the US central bank, has fired the last shot in its interest rate locker - not that it had many, after running a lax monetary policy for more than a decade.

Regulator To Examine Cba Raising

THE corporate regulator will push ahead with an investigation into the Commonwealth Bank's possible breach of disclosure rules following this week's botched $2 billion capital raising.

Richo's Mysterious Beirut Money Trail

THE controversial Labor powerbroker and businessman Graham Richardson had a second Swiss bank account through which he channelled as much as $4.6 million of the proceeds from shareholdings in Offset Alpine and Abednego Nickel.

Future Fund Holding Firm

TELSTRA'S biggest shareholder has resisted weighing into debate over the performance of the telecommunications carrier's management, with the $64billion Future Fund saying it remains comfortable with its exposure to the company.

Big Pay Packets A Result Of 'slimy Culture'

GREEDY people and a "slimy culture", not market forces, are responsible for excessive executive pay, former Reserve Bank governor Bernie Fraser says.